Prices are up

GTA REALTORS® Report Monthly Resale Housing Market Figures

TORONTO, February 4, 2011

 

-- Greater Toronto REALTORS® reported 4,337 transactions through the

TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported

in January 2010.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid

footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing

types for sale at many different price points,” said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per

cent compared to the average of $409,058 reported in January 2010.

“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to

five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s

Senior Manager of Market Analysis.

Source: Toronto Real Estate Board

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Sherif Nathoo

Sherif Nathoo

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
Contact Me

Blog Archives

Tags